The personal lines underwriter is in charge of the front line underwriting of an assigned territory. He/She evaluates personal auto, property, and liability risks. He/She investigates and gathers information necessary to pre-underwrite or underwrite an account and helps in training new staff. Furthermore, he/she produces new business and retains renewal business by marketing through insurance carriers. Also, he/she prepares quotations and rates and negotiates with company underwriters and producers for price, terms, and coverages to suitably structure and bind accounts.
For this role, you will need at least a bachelor's degree and at least three years of relevant work experience. You must possess communication, decision-making, attention to detail, organization, and interpersonal skills. You must be proficient in Microsoft Office. Also, you must be familiar with the preferences of insurance markets for this role. Personal lines underwriters earn an average salary of $52,976 per year. This varies from $41,000 to $69,000.